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20121221
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FOX Business
Dec 20, 2012 7:00pm EST
if you cannot catch us live. we will see you back here tomorrow. lou: lou: a vote will be coming to plan sequestration and that vote was passed narrowly, but it did pass. now we're going to have a vote on plan be coming. we will of course be watching that very carefully and bring it to you this evening. >> the president knows i have been able to keep my word and every agreement we have ever made. the fact is his plan is not balanced. and as a result time is running short i will do everything i can to protect americans as much as i can. lou: the company and bill passed moments ago, the bill passing sequestration for one year. moving the defense cuts of a specific rather than arbitrary spending cuts. limiting the amount of money, of course. congressional budget office scoring this bill $218 billion of debts and reductions over the decade beginning january 1. boehner's plan within the approval of americans for tax reform, grover norquist despite the hike in taxes for top earners. saying republicans supporting this bill confirming to their constituents in writing that this bill, the sole pur
FOX Business
Dec 21, 2012 4:00pm EST
and materials were this week's top performing sectors and consumer staples and telecom land. demand for u.s. goods climbing for the sixth time rising zero.7% last month, after 1.1% gain in october. orders for goods excluding aircraft excluding increase for the sixth straight month jumping to.7%. and in december, potentially higher taxes and consumer sentiment index calling -- 72.92.seven in november. liz: we have to mulholland in the pits of the cme and stephen sacks telling us the best place to put our money along with john buckingham who tells us why he is not worried about the fiscal cliff, or i coined this one, cliffmaca. i am not getting a courtesy laugh from to mulholland. tell me what the pits were like, david has mentioned last night neil cavuto was right here, saying there is not going to be a vote because there's so much infighting with republicans, futures were plummeting. this could have been a much uglier day but what happened? >> it was the global trading overnight and opened up. the volume was fairly light but the news was a shock so we got a steep drop. barista lot error of
FOX News
Dec 20, 2012 9:00pm PST
and i appreciate you guys very much. see ow january 2. that's it for us. check out the fox news factor web site, which is different from bill o'reilly dot-com. the key point is on power. also, we would like you to spout off about the factor from anywhere in the world. i am going to force miss laura to read some of this mail tomorrow. name and town, name and town if you wish to opine. word of the of the day, do not be a noddy when writing to the factor. i am bill o'reilly. please, always remember that the spin stops right here because bee are -- we are definitely looking out for you. >> sean: this is a fox news alert. the republican leadership in the house do not have enough votes to pass speaker john boehner's plan "b." just moments ago, we learned that they have pulled the bill. now, this is how it all went down. the house, unexpectedly called a recess, which effectively postponed this vote. watch this. >> voting in the affirmative is passed themologists to reconsider is laid upon the table. the house will stand in recess, subject to the call of the chair. >> sean: after the re
CNBC
Dec 21, 2012 6:00am EST
, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demonstration that boehner didn't have the support -- you thought boehner never had the support for this plan? >> no. i'm saying boehner didn't have support to do it even at a million -- >> which suggests to me what kind of rationale -- >> because maybe the house wanted some actually spending cuts. after giving in on tax breaks, they didn't go -- >> we always wondered if boehner can deliver the right. i wonder if th
FOX Business
Dec 21, 2012 6:00pm EST
about distractions. we have the president telling us that we need some kind of cooling off period. this is a president that had two years with the democratic house and senate. and everyday come they woke up and did not raise taxes. so they really wanted to do this, if they really believe, they want their taxes to go up on earners making more than $250,000 tunnel were we waiting until the last minute? ten days before the tax hike said. it is a mystery that they are saying that this is an emergency one they had to two years they could have done before. gerri: okay, this is what plan b was under john boehner. if you make a million dollars one year you pay a permanent estate tax at 35%, not 50%. that will go into effect january 1. if plan be is a no go, what will plan c look like? by the way, i love your red jacket. >> the problem isn't this. the real problem is the guy who was visiting a obama in the white house just a few minutes ago. mr. harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse have somet
FOX Business
Dec 20, 2012 10:00pm EST
speaker boehne sr right chw zeros did on of alllan. black planned mike emanuel joins us. this has been ahead be left with groups urging republicans to vote against pan "b" but less than two th weeks from the fiscal cliff leaders say they tried toax hikr avoid a massive tax hike for everybody. >> it will be a to the democrats in the white house. >> it would extend the bush tax cuts below $1 million also the house votes on a separate measure to cancel the pentagon cuts with sequestration that has upset house democrats. >> these are not a plan. it is a ploy. they are bills to know where. and a deeply cynical move, republicans decide toill o offer another bill to put off some of the sequester.oehner >> speaker boehner has notnd b given up on a grand bargain. >> and our respective rolesspecv we have ea responsibility tor work together to get results.pect it ll conti i expect we will continue to work together.he top >> he did not sound issound so optimistic. threpubl determined to lead off the cliff we will not take the enmiddle-class with him. >> 53 senate democrats voted for a similar plan
FOX Business
Dec 20, 2012 9:00pm EST
' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >> good by. >> now there are new ways to give to charity. >> where should you give? tonight. >> what does charity mean to you? the media obsesses what celebrities do and big stars raised more than $30 million for the hurricanes and the victims but this is not charity is most know it but quieter purpose 64% give almost $1,000 to their church the most common form followed by schools and then those meant to help the poor. had you know, they are legitimate? madonna raising money spent $3 million but had nothing to show for it but a nice car and a golf membership. most don't do that but had you know, ? melissa helps to give away $3 billion with rockefeller philanthropy advisers recommend using the profit motive to help jailed teen-agers go straight the profit motive? >> macbeth. >> we also happily accepted nations but goldman sachs has issued a special impact bond and we are the lead recipient. >> this me
MSNBC
Dec 21, 2012 1:00pm PST
guy with a gun is a good guy with a gun. politicians have no business and no authority denying us the right, the ability, and the moral imperative to protect ourselves and our loved ones from harm. i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. this is the time, this is the day for decisive action. >> this is the beginning of a serious conversation. we won't be taking questions today. >>> the friday before christmas and it is a busy day in washington, d.c. the president just made his announcement that senator john kerry of massachusetts is his choice to succeed hillary clinton as secretary of state. but his business yea day started with a moment of silence to remember the victims at sandy hook elementary school in newtown, connecticut. from wall street to main street, millions of americans stopped to remember the 20 children whose precious lives were so senselessly cut short in a high-tech hail of bullets. [ bell tolling ] they stopped to remember the children, chase, charlotte, d
FOX Business
Dec 21, 2012 1:00pm EST
there could be released ahead. he will tell us just how much. time for stocks now. let's head to the floor of the new york stock exchange. nicole petallides is standing by. no fiscal cliff deal and the market is looking a little nervous. nicole: you saw the dow down nearly 200 points. what you see is basically everybody sells everything. they are not saying i will sell my financials and hold onto my drugs. no. they are getting out today. it is the weekend. we havecome up off the as you noted, they cannot get away from the fiscal cliff. not just yet. they have not come to a solution in washington. that is front and center. we are also seeing a flock to the area that are safe. the dollar is higher. gold is higher. we are also -- there is a look at the dow jones one week. last friday we close that 13,135. we are still actually of about 30 points for the week. that is if we were to close right here. for right now, certainly, read on the screen because there is so much concern about washington. melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it t
FOX Business
Dec 21, 2012 11:00am EST
. here it is. >> no sane person can ever possibly comprehend them. they walk among us every single day. does anybody really believe that the next adam lanza isn't planning his attack on a school he has already identified at this very moment? back how many more copycats are waiting in the wings for their moment of fame? back from a national media machine that rewards them with wall-to-wall attention and a sense of identity that they crave. they provoke others to try to make their mark. a dozen more killers, a hundred more, how can we possibly even guess how many given our nation's refusal to create an active national database of the mentally ill. the fact is this, that would not even begin to address the much larger, more lethal, criminal cross. killers, robbers, rapists, gang members that have spread throughout our communities across the nation. meanwhile, why -- while that happens, guns have decreased to the lowest levels in a decade. so, now, due to a decline of willingness to prosecute dangerous criminals, violent crime is increasing again. for the first time in 19 years. add anothe
CNBC
Dec 21, 2012 12:00pm EST
the market for the next hour with pete and john najarian, joe, and steven weis. pete, give us where you are in the market here given dire straits in d.c.? >> no doubt about it we've been talking about this for weeks. we are always reacting to whatever the politicians are giving us. one day it's positive the next day negative. obviously this news from last night certainly hit the markets. we had a pretty nice rebound early in the session but now here we are pushing back toward the lows of the day. that volatility index continues to extend to the upside, the financials are getting hit pretty hard. however, they did show a little resilience as well. so i would actually look into the latter part of the day although you just wonder are we going to have enough volumes that are readable volumes into the final three hours of the session given what's going on now? but it is still -- this is all about the politicians, all about the fiscal cliff. >> steven weis, what do you do if the politicians can't rise above and solve this thing? what are the traders to do? >> first of all, who knew the mayans
FOX News
Dec 21, 2012 3:00am PST
of those things when ambassador john bolton joins us next. >> would you run in to a fire to help people in a burning car? wait until you see how they saved their life. >> marthsa stewart had a great tip. us the left hand to spread the turkey leg and right hand to reach in and remove. i am sorry that is the airport pat town. ♪ ♪ ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. share "not even clos
MSNBC
Dec 20, 2012 6:00pm PST
. howard dean, great to have you with us -- >> i don't think so. >> go ahead. >> okay. i think we'll get -- we probably will have a couple quarters of recession but when we come out of it we'll be much stronger. >> yeah. governor dean, good to have you with us tonight. thanks so much for joining us. >> thanks a lot, ed. >> that's the news tonight. that's "the ed show." i'm ed schultz. for more let's go to "the rachel maddow show" starting right now. >> when it rains it pours. do you believe the amount of stuff that happened tonight? >> it's so much rain it's almost mud wrestling at this point. >> seriously. with better outfits. thanks, man. i appreciate it. an incredible night of news. thanks to you at home for staying with us for the next hour. do you want to know what just happened tonight in washington? do you want to know what just happened, with congress just unexpectedly imploding and the republicans in congress dissolving into a huge internal fight, including screaming matches within their own caucus and all of a sudden they're just turning off the light and abandoning what they w
CNBC
Dec 21, 2012 3:00pm EST
cliff are the same people that got us into the fiscal cliff with patches, patches, patches. >> it's a perfect business model, right? >> thanks for watching. happy holidays, everybody. >> see you on monday. >>> hi, everybody. happy friday to you. welcome to the closing bell. ten days and counting. how many? >> ten days and counting, not till christmas, but until we go over the fiscal cliff. we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from t
FOX News
Dec 21, 2012 2:00am PST
by using her position to benefit her husband's medical practice. no action is needed since she cooperated she is now retiring after 7 terms. >> hobby lobby lost appeal after being exempt from the obama care requirement the morning after pill. it will goes against the principals of the owners. they plan to take the case to the supreme court. it is one of 42 legal actions since the requirement took effect. >> nasa taking a page from buzz light year? >> to infinity and beyond. >> well, of course that's toy story character buzz light year. this is prototype of nasa space soot. it is design to do allow mast naughts to mo around more easily. it is set to debut in 2015 schl our boys will like that one. >>> brand new development in the battle to avoid the fiscal cliff. late last night house republicans opted not to vote on a plan b. with all of the detail osss on doug luzader. plan b is history now it is back to the drawing board with no clear path in sight to avert the fiscal cliff. members of the house are heading home for christmas. house speaker john boehner pulled from consideration what has
FOX Business
Dec 21, 2012 9:20am EST
this morning, it is the republicans who are getting the blame. joining us now, monica crowley, a fox news contributor. and monica, why do you think that the president wants us to go over the cliff? explain yourself. >> well, first, it looks like the house g.o.p. leadership actually went through the mayan apocalypse, okay? last night. and the president wants to go over the fiscal cliff and always has for two reasons, stuart, number one, he wants all of the rates to go up. not just on the 1 or 2% top earners. he wants everybody's tax rates to go up and even if you were to confiscate a 100% of the assets for the government for a handful of days. stuart: why would he want everybody to pay taxes to pay more. >> he wants revenue to pay for his monstrous, ever-growing, ever-ravenous government, and he knows the money is with the middle class, not 1%. and the top 1% assets to income you fund the government for about 11 days. the real money is with the middle class he needs their rates to go up. the second part of this is, he wants the defense sequester, 500 billion dollars taken out of defense th
ABC
Dec 21, 2012 1:40am PST
, in fact, could be the last day on earth. at least for those of us two aren't in an underground bunker somewhere. what better way to end it by looking at some of our favorite end of the world movies. i'm going way back to the lesser known file, 1998, "deep impact." the premise is nothing spectacular here. there's a meteor on a collision course with earth, everybody is freaking out. when it does actually hit and do extraordinary damage, really great special effects in that. at least for that time. it was about people pondering their future and dreams with this incredible event about to impact earth. take a listen. >> we honor them with every brick we lay, with every field we sow, with every child we comfort and then rejoice in what we have been re-given. our planet. our home. >> and in the background, you see the burned out white house. which is pretty dramatic. that's one of my favorites. and you have two that you like. >> i couldn't decide which was my favorite, so i picked two. first up "independence day" with will smith. 1996 it came out and aliens come and invade the earth and blow
CNBC
Dec 21, 2012 1:00pm EST
? >> no, not yet. >> that does it for us. don't forget to catch "money in motion" and options this evening. have a great evening. follow me on twitter. and power starts now. >>> and we welcome you to "power lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones has been down triple digits almost all session. we are off our worst lefs, down about 174 point a few moments ago. down 152 on the dow. 17 to the minus side and nasdaq is off almost 40. let's go to washington where john har wood is standing by with the latest on the fiscal cliff follies. john? >> all follies so far, sue. we had house speaker john boehner come out today and have a news conference explaining the failure of his plan b last night which stunned a lot of people because both boehner and eric cantor majority
CNBC
Dec 21, 2012 9:00am EST
from almost every bank. we were in a 1932 situation. >> because of everything else around us. we were focused on congress' ineptitude at that time. and we got more scared by their unwillingness to pass the t.a.r.p. >> i have tremendous faith in our economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i
CNN
Dec 21, 2012 4:00am PST
correspondent dana bash there was and watched it unfold. walk us through what happened? >> it really was stunning. that is the perfect word, soledad. i was watching all day, talking to republicans to try and figure out if the speaker had the votes. really hard to imagine he was so far out. so far out on this being a strategy. republicans want to prove that they won't let things go up. i was watching earlier votes. watching the speaker's team on the floor, trying to twist arms and trying to get republican votes, and clear from the expressions on their faces it was not going well at all, and all of a sudden they put the house in recess, which is effectively a pause button, and after that, we heard he was pulling the bill from the floor. there was a lot of emotion among republicans, especially those who are big supporters of the speaker. listen to steve la tourette, fellow republican from ohio. >> it weakens the entire republican party, the continuing dumbing down of the republican party and we are going to be seen more and more as a bunch of extremists that can't even get a majority of
FOX Business
Dec 20, 2012 11:00pm EST
, they will not be keen to work christmas eve, and christmas day, that takes us to next wednesday, only a little more than a week ahead of the government possibly hitting a cliff. are you surprised? not at all. a great tragic comedy, neil, they will keep you in a job for the rest of yourife reporting on that. neil: i am not too shocked. i thought this dismissive you, that house leadership had of their rumbling ranks they would swallow this, i didn't see it, a lot of these tea party congressmen, 80 some odd that help propel john boehner to speaker got alleged against having to do the -- got elected to do against the very thing they were called on to do, vote for a tax increase. they could not swallow it. and not see any decrease in spending, you know the definition of this problem is we have a tril don dollar deficit, let's cut it down, neither side is approaching that topic effectively. neil: i have talked with a few tea party types. who said, neil, i would have gone along with this, and would go along with this, if i saw you know a return. or something for the pound of flesh i was offering. that democrat
FOX Business
Dec 21, 2012 5:00pm EST
on the topic. we're taking it live. david: you know who will take that. melissa francis who takes it from us live. melissa: we start tonight with breaking news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with senate democratic leader harry reid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th
CNN
Dec 21, 2012 2:00am PST
. that does it for us. we'll see you again tomorrow. thanks for watching. "early start" begins now. >>> the massive winter storm that hit the midwest, it's now smacking into the northeast. we're going to track the storm for you straight ahead. >>> and another day, another big fat no deal for the fiscal cliff. we go live to washington. the very latest details. >>> and michael phelps' pick for the athlete of the year. this is a surprise. this guy, he never wins anything. good morning. welcome to "early start," everyone. i'm john berman. >> i'm zoraida sambolin. it's nice to have you with us. it is early, 5:00 a.m. in the east. the fury of the first winter storm is making holiday travel very difficult if not impossible. today new england is expected to get slammed by that storm. at least seven traffic-related deaths in four states are blamed on this crazy severe weather. as the storm barrelled through the plains and the great lakes, more than a foot of wet, heavy snow fell in parts of iowa and wisconsin. there were hundreds of flights canceled right at the height of the holiday travel
CNN
Dec 21, 2012 6:00am PST
to you. thank you so much for being with us. i'm carol costello. this hour a nation pauses to honor the victims of last week's horrifying attack at a connecticut elementary school. many americans including president obama will take part in a moment of violence at 9:30 eastern. that marks the moment one week ago that the gunman burst into sandy hook elementary school. church bells will toll across the country 26 times to remember each of the children and educators killed, and after being noticeably quiet for the past week, the national rifle association holds a news conference next hour. the gun rights groups will comments on the shooting as it faces impassioned calls for tighter gun control. poppy harlow, jason carroll are in newtown on this somber morning. poppy is the at the town's memorial. good morning, poppy. >> reporter: good morning, carol. let's look at what has become this small makeshift memorial that began the day after the horrific shooting, has grown into something beautiful, it is blocks long, it is across the street and people will gather this morning and across this
ABC
Dec 21, 2012 1:05am PST
if that person was under the influence of drugs or alcohol. now again police tell us that this is an ongoing investigation. there werez) 4 people injured. 3 people who were hit and went over the edge and then one person inside that suspect vehicle. they are still lacking for further details in this and of course as they pass them along, we will as well. reporting live on top of twin peak, abc 7 news. >> thank you. >> now to our other big story tonight. another storm moving in to the bay area. >> sandhya is tracking the storm on live doppler 7 hd. >> yes. the winds are picking up right now out of the south gusting 40 to 45 miles an hour over the hills and as we check out live doppler 7 hd we have our radar on mount saint helena watching the rain moving into the north bay. pretty wide spread as you now. take yout now. take you down to street level here. the heaviest rain currently falling around avenue in santa rosa. guerneville road. bennett valley road as we pan around the bay area you will notice here that valley ford road we see some moderate wane fall. head out to glen ellen. mo
CNBC
Dec 20, 2012 7:00pm EST
the second term agenda of president obama. john harwood joins us now live with all the details. good evening, john. >> reporter: good evening, larry. you know, the house has now passed on a party line vote, zero democrats in favor, about 20 republicans defecting the spending cut portion of john boehner's plan b. it would cut about $200 billion in spending, overt the automatic sequester cuts to defense programs that republicans have been opposed to. now, the debate bef bthe passage of that spending cut bill, and we still have yet to see the passage of the tax increase bill, which is gotten resistance from conservatives, that was an opportunity for both parties to frame the stakes, and eric cantor, the house majority leader, came on the floor and said, this puts the ball squarely in president obama's court. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doing that. they
Search Results 0 to 25 of about 26